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BMEX Gold (TSXV:BMEX) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Feb. 2024)


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What is BMEX Gold Long-Term Capital Lease Obligation?

BMEX Gold's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil.


BMEX Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for BMEX Gold's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BMEX Gold Long-Term Capital Lease Obligation Chart

BMEX Gold Annual Data
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BMEX Gold Quarterly Data
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BMEX Gold  (TSXV:BMEX) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

BMEX Gold Long-Term Capital Lease Obligation Related Terms

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BMEX Gold (TSXV:BMEX) Business Description

Industry
Traded in Other Exchanges
Address
1177 W Hastings Street, Suite 2700, Vancouver, BC, CAN, V6E 2K3
BMEX Gold Inc is a junior Canadian mining exploration company with the objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec, Canada. It is fully focused on earning interest in its two projects, both located in the prolific Abitibi greenstone belt namely King Tut Gold Property, and Dunlop Bay Gold Property. It is engaged in the exploration and evaluation of mineral properties in Canada.
Executives
Robert Marc Bustin Director

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